Ep. 122: Jim Woods Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 13 May 2013

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Jim Woods, a 20-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor. Jim is the editor of Intelligence Report, Successful Investing, Bullseye Stock Trader and The Deep Woods (formerly the Weekly ETFReport).

The topic is his book The Wealth Shield, A Wealth Management Guide: How to Invest and Protect Your Money from Stock Market Crashes, Financial Crisis and Global Economic Collapses.

In this episode of Trend Following Radio we discuss:

Zero interest rate policy, or "ZIRP", and why normal people are taking on more risk to get the same returns
If another 50% meltdown happened in the S&P while rates were at zero, what might the chain reaction be? Would you be prepared trading wise for that?
Technology taking away the need for human capital
The power structure in Washington
The societal implications of ZIRP
What the stock market might do if interests rates went up
The concept of "blowback"
The importance of having a plan
Protecting yourself, and the eventuality mindset
The US as a "prison" banking system
The importance of investing in other currencies for beyond trading reasons

Jump in!

---

I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

Click on a timestamp to play from that location

0:00.0	This is Trend Following Radio, where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Coval.
0:24.0	Not filtered, raw, honest.
0:27.3	That's my passion.
0:32.8	Today in the show I have Jim Woods.
0:35.7	Jim is a financial journalist.
0:37.9	He's with Traders Reserve.
0:40.6	He has been a journalist, fund manager, stockbroker.
0:45.5	And these days, as he's going to say in the cast, he enjoys the writing perspective.
0:51.3	And I wanted to have Jim on not to necessarily have this big
0:55.0	conversation about how to find absolute returns, but to talk about the market and the economy
1:01.2	and uncertainty, to talk about the idea that things don't always go up in terms of the stock
1:08.3	market, that is. And how can you think about the options and the possibilities and what might go wrong?
1:17.0	Fun conversation, like I said, I don't regularly do these types of conversations, but this was fun.
1:31.0	Good morning, Michael.
1:32.0	Hey, Jim.
1:32.4	How are you?
1:33.7	I'm doing great.
1:38.1	I know it's probably not morning over there, but it's here.
1:46.6	No, it's a little bit in the evening here, but that's the punishment that I have to endure for for being a globetrotter, right?
1:52.3	That's not any kind of punishment.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Michael Covel, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Michael Covel and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.